Financial Market Preview - Tuesday 26-Aug
Update: 2025-08-26
Description
S&P futures are pointing to a slightly lower open today, down 0.2%. Asian markets closed mostly lower today, and European equity markets are also weaker in early trades. President Trump announced the dismissal of Fed Governor Lisa Cook, citing alleged mortgage fraud and gross negligence. Cook, whose term runs until 2038, disputes Trump’s authority to remove her and may seek an injunction to challenge the decision. Market analysts suggest that Cook's removal, combined with broader political interference, could weaken the dollar, steepen the Treasury yield curve, and undermine inflation-fighting efforts.
Companies mentioned: Invesco, PDD, CSX Corp, Berkshire Hathaway
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